Emails Show Credit Default Swaps Led to Harvard Loss, Goldman Gain
The nation's oldest
and richest university entered the $500 million credit default swap
market.
Regulation
CalPERS Eyes More Buyout Fee Cuts, CIO Presses for Wall Street Regulation
While the California fund giant is hoping to win fee cuts from other
private equity firms after Apollo Global Management agreed to
trim $125 million in fees, CalPERS' CIO is pressing for finance overhaul
to stop the casino atmosphere on Wall Street and restore confidence.
UK Regulator Takes Tougher Stance on Pension Corporation
The FSA has probed the specialist insurer and pension buyout firm to
explain its investment strategy.
SEC Says Money Manager Stole $3M From Detroit Pensions
Onyx Capital Advisors, a firm
that invests in small and medium enterprises in the Midwestern and
Southeastern US states, and its founder have been charged with fraud for
stealing millions of dollars from Detroit pension funds.
Pensions Keep Vigilant Eye on Goldman Case
Public pension funds around the country are reviewing their
relationships with Goldman Sachs Asset Management.
Ohio Pensions Lost $480 Million After Lehman Collapse
Ahead of Tuesday hearings on the 2008 collapse of the banking giant,
state records show Ohio pensions suffered hundreds of millions of
dollars in losses.
Senate Agriculture Committee Chair to Deliver Derivatives Regulation
The
Democratic chairwoman’s proposals support financial reform of
derivatives by putting them on exchanges, which has encountered
opposition from banks that make billions in transaction fees on
derivatives every year.
Missouri Senate Endorses State Pension Changes
State senators have proposed changes to Missouri's pension system which could save the state an estimated $314 million over five years.
Australia's 'Universal Fund' Plan Encounters Criticism
Australia’s superannuation
industry has responded negatively to the Cooper Review's recommendation
of low-cost funds for disengaged investors.
CalPERS, Blackstone on Opposite Sides of Placement Agent Battle
Some firms say that lucrative commissions paid only for favorable results is a “system that invites corruption,” yet others say placement agents play a useful role.
China’s SWF Slashes Funding Request to $100 Billion
The China Investment Corp (CIC) has cut the amount of new funding its
requesting from the government in half.
Judge Dismisses Claims in Mortgage Bond Suit
Standard & Poor's, Moody's win dismissal of a suit that involved
the sale of more than $60 billion in mortgage-backed securities.
FINRA Steps in to Regulate Pay-to-Play Rules
The Financial Industry Regulatory Authority (FINRA) is ready to act
on rules to be in place this year.
MassPRIM's Travaglini Denies Pay-to-Play in State Pension Fund
Timothy
P. Cahill's tarnished reputation may be a result of misunderstanding
and attempts of political influence.
CalPERS Under Scrutiny in Pension Investigation
The Department of Justice is
scanning investment transactions of public pensions.